Cemex Anticipates Rebound in US Cement Demand
Key Points:
* Cemex expects demand for cement in the US, its largest market, to improve in 2025.
* Lower volumes impacted 2024 sales, resulting in a 1% decline in net sales.
* The company anticipates a boost from transportation and manufacturing projects fueled by the Infrastructure Investment and Jobs Act.
* Cemex is implementing a three-year cost-cutting plan to reduce expenses by $350 million.
* The plan, dubbed "Project Cutting Edge," aims to increase earnings by $150 million in 2025.
* Cemex's extensive US presence mitigates the impact of potential tariffs on Mexican goods.
* In Mexico, the company benefits from public infrastructure projects but anticipates a challenging first half of 2025.